• posted by IMV |
  • 26/12/2017

Update on Bullion, Base Metal and Energy Levels 26th December 2017Gold futures traded higher on Tuesday, witnessing an upside move in low-volume trade due to bargain buying and firm undertone in crude oil prices. Moreover, the yellow metal rose as dollar went weaker against a bucket of currencies.Crude oil futures traded marginally higher on MCX as speculators enlarged their positions, with Brent crude lingering near 2015 highs on the back of an...

  • posted by IMV |
  • 22/12/2017

Update on Bullion, Base Metal and Energy Levels 22nd December 2017Gold futures ended almost flat near an earlier two-week high on Thursday, after US data on gross domestic product, jobless claims and regional business activity left market players’ outlook on a stable economy unchanged and on a steady dollar.Crude oil futures extended their gains on Friday, as investors continued to cheer mostly positive EIA inventory data. US oil inventories have...

  • posted by IMV |
  • 21/12/2017

Gold prices steady near 2-1/2 week highs on softer dollarGold prices were hovering near two-and-a-half week highs as sentiment on the greenback remained vulnerable despite the vote of a major U.S. tax reform bill and ahead of a string of U.S. economic reports due later in the day. Trading volumes were expected to become more and thinner throughout the week, ahead of the Christmas holiday. The House of Representatives gave final approval on...

  • posted by IMV |
  • 21/12/2017

Update on Bullion, Base Metal and Energy Levels 21st December 2017Gold futures ended higher on Wednesday, touching a two-week high as US data witnessed solid home sales but a dip in mortgage applications pushed the dollar to a two-week low. However, a rise in US bond yields and Congress passing a biggest tax overhaul, restricted further gains in the bullion rates.Crude oil futures ended higher on Wednesday, extending their gain after data showed...

  • posted by IMV |
  • 20/12/2017

Update on Bullion, Base Metal and Energy Levels 20th December 2017Gold futures traded higher on MCX as optimism over a major US tax overhaul quickly waned and offered no support to the dollar. Though, some gains were capped as the trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday.Crude oil futures bounced back and ended higher on Tuesday, amid mixed signals on global production next...

  • posted by IMV |
  • 19/12/2017

Gold prices down slightly In Asia with holiday range trade in placeGold prices eased slightly in Asia with the market in a pre-holiday lull and awaiting a Bank of Japan policy review to conclude on Wednesday and a US tax cut package expected to pass this week. Overnight, gold prices rose on Monday, buoyed by dollar weakness on tax reform jitters despite reports suggesting Republicans lawmakers could vote on the final tax bill as soon as Tuesday....

  • posted by IMV |
  • 18/12/2017

Update on Bullion, Base Metal and Energy Levels 18th December 2017Copper futures traded marginally lower on MCX, as investors trimmed their positions owing to muted demand from consuming industries.  However, the red metal leaped out gains in overseas market, despite its weak trend in domestic spot market.Crude oil futures traded up on MCX as speculators widened their positions on the back of a firm trend overseas, followed by an ongoing...

  • posted by IMV |
  • 15/12/2017

Update on Bullion, Base Metal and Energy Levels 15th December 2017Gold futures ended slightly lower on Thursday, as dollar strengthened in response to stronger than expected US retail sales data. Further the yellow metal dipped as hike in interest rates reduced the appeal of non-yielding bullion.Crude oil futures made some recovery on Thursday supported by ongoing pipeline shutdown and shrugged off data forecasting a faster than expected rise in...

  • posted by IMV |
  • 14/12/2017

Update on Bullion, Base Metal and Energy Levels 14th December 2017Gold futures ended higher on Wednesday, as speculators widened their bets on inflation worries after the US Federal Reserve hiked interest rates as expected, but left its outlook unchanged for coming years. Meanwhile, the yellow metal also eked out some gains as dollar eased against a basket of currencies.Crude oil futures declined further on Wednesday, as traders overlooked the...

  • posted by IMV |
  • 13/12/2017

Update on Bullion, Base Metal and Energy Levels 13th December 2017Gold futures ended lower on Tuesday, touching five-month low rate as investors muted their trades as they braced for a widely expected US interest rate increase this week and looked for clues about further hikes from the Federal Reserve. The bullion also declined as dollar firmed against basket of major currencies.Crude oil futures snapped their gaining streak and ended lower on...